Cerence Management
Management criteria checks 1/4
Cerence's CEO is Stefan Ortmanns, appointed in Dec 2021, has a tenure of 2.08 years. total yearly compensation is $14.44M, comprised of 4% salary and 96% bonuses, including company stock and options. directly owns 1.39% of the company’s shares, worth €10.25M. The average tenure of the management team and the board of directors is 1.7 years and 4.3 years respectively.
Key information
Stefan Ortmanns
Chief executive officer
US$14.4m
Total compensation
| CEO salary percentage | 4.0% |
| CEO tenure | 2.1yrs |
| CEO ownership | 1.4% |
| Management average tenure | 1.7yrs |
| Board average tenure | 4.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2023 | US$14m | US$580k | -US$56m |
| Jun 30 2023 | n/a | n/a | -US$275m |
| Mar 31 2023 | n/a | n/a | -US$358m |
| Dec 31 2022 | n/a | n/a | -US$332m |
| Sep 30 2022 | US$5m | US$524k | -US$311m |
| Jun 30 2022 | n/a | n/a | -US$73m |
| Mar 31 2022 | n/a | n/a | US$32m |
| Dec 31 2021 | n/a | n/a | US$44m |
| Sep 30 2021 | US$2m | US$360k | US$46m |
| Jun 30 2021 | n/a | n/a | US$46m |
| Mar 31 2021 | n/a | n/a | US$12m |
| Dec 31 2020 | n/a | n/a | US$14m |
| Sep 30 2020 | US$7m | US$313k | -US$18m |
| Jun 30 2020 | n/a | n/a | US$69m |
| Mar 31 2020 | n/a | n/a | US$99m |
| Dec 31 2019 | n/a | n/a | US$86m |
| Sep 30 2019 | US$4m | US$318k | US$100m |
| Jun 30 2019 | n/a | n/a | US$13m |
| Mar 31 2019 | n/a | n/a | US$18m |
| Dec 31 2018 | n/a | n/a | US$27m |
| Sep 30 2018 | US$2m | US$316k | US$6m |
Compensation vs Market: Stefan's total compensation ($USD14.44M) is above average for companies of similar size in the German market ($USD1.18M).
Compensation vs Earnings: Stefan's compensation has increased whilst the company is unprofitable.
CEO
Stefan Ortmanns (58 yo)
2.1yrs
Tenure
US$14,438,733
Compensation
Dr. Stefan Ortmanns serves as President, Chief Executive Officer and Director at Cerence Inc. since December 15, 2021 and also served as its Principal Financial Officer and Principal Accounting Officer unt...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.1yrs | US$14.44m | 1.39% € 10.3m | |
| Executive VP | 1.7yrs | US$6.39m | 0.18% € 1.3m | |
| Executive VP & CTO | less than a year | US$5.72m | 0.37% € 2.7m | |
| Senior VP | 1.8yrs | no data | no data | |
| Chief Human Resources Officer | no data | no data | no data | |
| Head of Professional Services | 3yrs | no data | no data | |
| Chief Product Officer | 1.3yrs | no data | no data | |
| Chief Revenue Officer | less than a year | no data | no data | |
| VP & Treasurer | no data | no data | no data | |
| VP & GM of Applications | no data | no data | no data |
1.7yrs
Average Tenure
61yo
Average Age
Experienced Management: 0S6's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.1yrs | US$14.44m | 1.39% € 10.3m | |
| Executive VP | 4.3yrs | US$6.39m | 0.18% € 1.3m | |
| Independent Chairman of the Board | 4.3yrs | US$349.16k | 0.099% € 730.9k | |
| Independent Director | 4.3yrs | US$274.16k | 0.033% € 245.1k | |
| Independent Director | 4.3yrs | US$266.83k | 0.060% € 439.9k | |
| Independent Director | 1.7yrs | US$259.16k | 0.0097% € 71.5k | |
| Independent Director | 4.3yrs | US$266.48k | 0.048% € 350.6k | |
| Independent Director | 4.3yrs | US$259.16k | 0.060% € 439.9k | |
| Independent Non-Executive Director | less than a year | US$184.11k | 0% € 0 |
4.3yrs
Average Tenure
61yo
Average Age
Experienced Board: 0S6's board of directors are considered experienced (4.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/01/22 04:46 |
| End of Day Share Price | 2023/10/25 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2023/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Cerence Inc. is covered by 13 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Filatov | Berenberg |
| Jeffrey Van Rhee | Craig-Hallum Capital Group LLC |
| Christopher McNally | Evercore ISI |